Amortization Schedule

Amount of Loan
Annual Interest Rate (in percent)
Length of Loan (in months)

Total Payments
$1.26
Total Interest
$0.26
Number of Monthly Payments
24
Monthly Payment
$0.05
Payment NumberBeginning BalanceInterest PaymentPrincipal PaymentEnding BalanceCumulative InterestCumulative Payments
1$1.00$0.02$0.03$0.97$0.02$0.05
2$0.97$0.02$0.03$0.93$0.04$0.10
3$0.93$0.02$0.03$0.90$0.06$0.16
4$0.90$0.02$0.04$0.86$0.07$0.21
5$0.86$0.02$0.04$0.83$0.09$0.26
6$0.83$0.02$0.04$0.79$0.11$0.31
7$0.79$0.02$0.04$0.75$0.12$0.37
8$0.75$0.01$0.04$0.72$0.13$0.42
9$0.72$0.01$0.04$0.68$0.15$0.47
10$0.68$0.01$0.04$0.64$0.16$0.52
11$0.64$0.01$0.04$0.60$0.17$0.58
12$0.60$0.01$0.04$0.56$0.19$0.63
13$0.56$0.01$0.04$0.51$0.20$0.68
14$0.51$0.01$0.04$0.47$0.21$0.73
15$0.47$0.01$0.04$0.43$0.21$0.79
16$0.43$0.01$0.04$0.39$0.22$0.84
17$0.39$0.01$0.04$0.34$0.23$0.89
18$0.34$0.01$0.05$0.29$0.24$0.94
19$0.29$0.01$0.05$0.25$0.24$0.99
20$0.25$0.00$0.05$0.20$0.25$1.05
21$0.20$0.00$0.05$0.15$0.25$1.10
22$0.15$0.00$0.05$0.10$0.25$1.15
23$0.10$0.00$0.05$0.05$0.26$1.20
24$0.05$0.00$0.05$0.00$0.26$1.26